Husky Energy Targets Lower Capital Spending

Canada Energy Company Scales Back Planned 2015 Spending by a Third

Husky Energy Inc. said Wednesday that it is targeting capital spending of 3.4 billion Canadian dollars ($2.9 billion) in 2015, which would be down about 33% from this year’s spending.

The Calgary, Alberta, energy company projected total 2015 production of between 325,000 and 355,000 barrels of oil equivalent a day, compared with the 341,000 barrels a day it expects to produce this year.